ITT Industries Appoints Edward W. Williams CFO
ITT Industries, Inc. announced appointment of Edward W. Williams to the position of Senior Vice President and Chief Financial Officer of the corporation.
A 16-year ITT veteran, Williams most recently was Senior Vice President and Corporate Controller. Williams replaces David J. Anderson, who has resigned to accept the CFO position at Honeywell.
"We've worked very hard to build a strong management team across our global multi-industry company, and we're fortunate to have someone with Ed's experience and expertise ready to step into the top financial post," said Lou Giuliano, ITT Industries Chairman, President and Chief Executive Officer. "Ed has played a critical role within our finance group, as we have worked to continuously improve all aspects of our performance. Given his deep understanding of our businesses and his leadership position with our management team, I anticipate a seamless transition."
"All of us at ITT Industries wish Dave Anderson the very best in his new endeavor at Honeywell," Giuliano added. "Dave has contributed greatly to ITT's progress since joining the company three years ago."
Williams was appointed ITT Industries Vice President and Controller in October 1998. Previously, he was Vice President and Controller of ITT Defense & Electronics, where he spearheaded the development and implementation of data center consolidation, process standardization and shared services. Prior to that, he was Vice President and Controller at ITT Avionics, the company's electronic warfare business.
Williams joined ITT Corporation, the predecessor to ITT Industries, in 1987 following a 28-year career at The General Electric Company, eventually rising to Director of Finance for the company's government communications systems business. He earned a Bachelor of Science degree in Management from Rutgers University, and completed the Stanford Executive Program at Stanford University's Graduate School of Business.
ITT Industries, Inc. (NYSE: ITT) supplies advanced technology products and services in key markets including: electronic interconnects and switches; defense communication, opto-electronics, information technology and services; fluid and water management and other specialty products. Headquartered in White Plains, NY, the company generated $4.99 billion in 2002 sales. In addition to the New York Stock Exchange, ITT Industries stock is traded on the Midwest, Pacific, Paris and Frankfurt exchanges.
Source: ITT Inc.
